RE:RE:Bullish Article Yet Again---$70 Oil By Years EndCPG in $70 oil is worth at least $40 per shr.
the last time CPG was around $40 it production was half there abouts.
What is the wild card for CPG is the new Alberta land rush that CPG is thre bigest player were the well costs are only 1 million for 300 to1000 bpd of light oil production.CPG anouced a extra $100 million cap ex.In theory that could take the production on the new ladnd to a min of 30,000 to 50,000 BPD for only $100 million making this E&P the loweswt cost in Canada.
CPG IS GOING UP!!!!!